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Red Sky Energy
(ASX:ROG)

Overview

Red Sky Energy is an Australian-based energy company established to acquire, explore, assess and exploit oil & gas deposits across the globe. As of October 2014, ROG is focusing on assessing and acquiring a portfolio of oil assets across North America beginning with the acquisition of the Cache Oil field from MGRI in 2014 for $1.8 million. At Cache, ROG is concentrating on utilising traditional oil exploration techniques with a view of increasing the number of active wells and expanding existing production through implementation of modern drilling technology such as directional drilling.